Gold Just Got Whacked On Heavy Volume

The shiny yellow metal has been trending down since around 10:15 AM, but it really took a hit in the last 15 minutes or so, dropping another $10 just since then (though now it's starting to retrace its losses a bit).

The subgraph below shows the big spike in volume around that time.

Right now, it's down around 1 percent on the day, trading near $1560 an ounce.